Department of Energy Announces $60 Million for Small Business Clean Energy Innovation Projects

May 7, 2010

At a White House Energy Innovation meeting today, Under Secretary of Energy Kristina Johnson announced that $60 million in funding from the American Recovery and Reinvestment Act is available to continue supporting innovative small business research and development leading to deployment of clean energy technologies. This is a Phase II funding opportunity under the Department's Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) program for companies that have already demonstrated successful results with new technologies and can now show potential to meet market needs.

"The Department of Energy is committed to unlocking small business innovation in the clean energy economy," said Under Secretary Johnson. "This second funding opportunity will help innovative small businesses, create jobs and move our country forward."

In Phase I, 125 grants of up to $150,000 each were awarded to 107 small advanced technology firms across the U.S. The 125 Phase I awardees were competitively selected from a pool of 950 applicants through a special fast-track process with an emphasis on near-term commercialization and job creation. Phase II funding is only available to companies selected in Phase I.